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Net metering - can I use my existing meter?

Can I really use my existing meter to take advantage of net metering?

The standard kilowatt-hour meter used by the vast majority of residential and small commercial customers accurately registers the flow of electricity in either direction. This means the "netting" process associated with net metering happens automatically, the meter spins forward (in the normal direction) when the consumer needs more electricity than is being produced, and spins backward when the consumer is producing more electricity than is needed in the house or building.